Cash Is King In Hong Kong As Thousands Choose Financial Privacy

Published 3m ago via cryptoexpo.asia

FINEXPO via cryptoexpo.asia

Hong Kong is waking up to the benefits of financial privacy using cash, reports claim, as protesters seek to hide their movements and identity. According to various reports surfacing on social media this week, participants in the ongoing rallies against the Hong Kong government are choosing to abandon payment methods which could track them.

The protests predictably shook up the Hong Kong dollar (HKD), which has gained against the USD in recent days due to a liquidity squeeze sending investors long, Bloomberg reports. Rules and laws can be arbitrarily applied and we can see this in Hong Kong already,‚ÄĚ a protester told UK publication The Guardian, adding that should the Extradition Bill pass, he would immediately convert his savings to USD.

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